Turning renters into home owners
Choose the home of your dreams, and move in straight away
A better way to become a homeowner
OwnHome provides a simple and easy process to transition from renting & saving into becoming a home owner.
No deposit required
OwnHome will buy the home for you in OwnHome's name, but hand you the keys. We want you to live in your dream home today without waiting years to save hundreds of thousands for a deposit
Build Purchase Offset while living in your Home
Live your life, safe in the knowledge you've got a foothold in the market. Just keep on making your simple Monthly Payments, and watch that Purchase Offset build.
Buy the Home
When you're ready, buy the home at the pre-agreed price and put your Purchase Offset towards it.
Ownhome VS renting & Saving
Renting & saving
saving for deposit
A better way to become a homeowner
No deposit required
Don't wait years while you save $100,000's for a deposit. OwnHome will buy your home for you in OwnHome's name, but hand you the keys. We want you living in your dream home today!
Get on the property ladder
Stop throwing away money on rent. Start building Purchase Credits to put towards your purchase.
Simple monthly payments
Buying property is complex and costly. From deposits, conveyancing, agent fees and lenders mortgage insurance. We take care of all this, so you only pay a simple single monthly payment
OwnHome vs.
renting & Saving
Use this calculator to see how OwnHome compares to renting and saving a 13.5% deposit over 5 years.
Purchase price
Market Growth Rate
Savings to date
Calculate Now
What is this comparing?
The calculator is comparing what the impact is using OwnHome versus renting while saving for a deposit yourself. It compares this over a 5 year period, working towards a 12.5% deposit under each.
With OwnHome, after 5 years your purchase credits equal 12.5% of the exercise price agreed with OwnHome.
Under Rent & Save, this 12.5% deposit is saved independently, meaning you would be putting aside money that after 5 years, is worth 12.5% of the future value of that property.
What is the market growth rate?This is the rate at which Sydney property prices have grown historically. As an example, if a property is worth $1,000,000 and the market grows by 5%, then that property could potentially be worth $1,050,000 after 1 year (although the ‘market rate’ is an average, meaning individual properties can grow at different rates)
Property prices fluctuate constantly. The 25 year, 10 year, 5 year, and Year-to-date averages are historical rates of Sydney property prices, and are not forward looking projections as past performance is not an indication of future performance.
What do you mean by Days and Years?
This is referring to when you could stop renting and move into your own home. While OwnHome holds title to the property until you purchase it from us and move to a bank mortgage, you get to act and feel like a homeowner.
OwnHome makes no representation or guarantee that if you Rent & Save, you will be able to purchase a home in 5 years and is purely for informational purposes. We do not know your personal situation and so are in no way making a representation as to your future ability to obtain a mortgage under the Rent & Save scenario.
LVR
LVR stands for “Loan-to-Value-Ratio”. It refers to the size of the loan you have from the bank (ie. the Mortgage) compared to the value of the property.
As an example, if a property is worth $1,000,000 and there is a mortgage of $800,000, then the LVR is 80% ($800,000 divided by $1,000,000)
If you want to know more, see here for more information on deposits and LVR.
How do you calculate the Mortgage required?
With OwnHome, you pre-agree the price that you can purchase the home from us at. You also accrue Purchase Credits to be put towards that particular home
Rent & Save
Heading
What is this comparing?
The calculator is comparing what the impact is using OwnHome versus renting while saving for a deposit yourself. It compares this over a 5 year period, working towards a 13.5% deposit under each.
With OwnHome, after 5 years your purchase credits equal 13.5% of the exercise price agreed with OwnHome.
Under Rent & Save, this 13.5% deposit is saved independently, meaning you would be putting aside money that after 5 years, is worth 13.5% of the future value of that property.
What is the market growth rate?
This is the rate at which Sydney property prices have grown historically. As an example, if a property is worth $1,000,000 and the market grows by 5%, then that property could potentially be worth $1,050,000 after 1 year (although the ‘market rate’ is an average, meaning individual properties can grow at different rates)
Property prices fluctuate constantly. The 50 year, 10 year, 5 year, and Year-to-date averages are historical rates of Sydney property prices, and are not forward looking projections as past performance is not an indication of future performance.
What do you mean by Days and Years?
This is referring to when you could stop renting and move into your own home. While OwnHome holds title to the property until you purchase it from us and move to a bank mortgage, you get to act and feel like a homeowner.
OwnHome makes no representation or guarantee that if you Rent & Save, you will be able to purchase a home in 5 years and is purely for informational purposes. We do not know your personal situation and so are in no way making a representation as to your future ability to obtain a mortgage under the Rent & Save scenario.
LVR
LVR stands for “Loan-to-Value-Ratio”. It refers to the size of the loan you have from the bank (ie. the Mortgage) compared to the value of the property.
As an example, if a property is worth $1,000,000 and there is a mortgage of $800,000, then the LVR is 80% ($800,000 divided by $1,000,000)
If you want to know more, see here for more information on deposits and LVR.
How do you calculate the Mortgage required?
With OwnHome, you pre-agree the price that you can purchase the home from us at. You also accrue Purchase Credits to be put towards that particular home.
You’re in great company
Hear from renters waiting to become homeowners, with OwnHome.
RENTING & SAVING VS OWNHOME
Renting & saving
saving for deposit
Ready to get started?
See your buying power with OwnHome
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